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Does Norway have a battery market?

Today Norway has not one, but two huge battery markets. “There are two market drivers for batteries: EVs and stationary energy storage. Energy storage is coming on strong now. It’s the key to turning intermittent wind and solar into a stable energy source,” explains Pål Runde, Head of Battery Norway.

Is Norway a good place to buy EV batteries?

An early adopter of electric transport, Norway continues to capture EV battery headlines. Electric cars now account for 79 per cent of new cars sold in Norway, and the MS Medstraum was recently launched as the world’s first electric fast ferry. In a global report on lithium-ion batteries, Norway ranked first in sustainability.

Are EV batteries the future of energy storage?

“There are two market drivers for batteries: EVs and stationary energy storage. Energy storage is coming on strong now. It’s the key to turning intermittent wind and solar into a stable energy source,” explains Pål Runde, Head of Battery Norway. An early adopter of electric transport, Norway continues to capture EV battery headlines.

Is Norway a battery region?

As a battery region, the Nordics have become a notable actor in the broader European battery market. They have also joined forces on global projects, such as the export of energy storage systems to Egypt and Lebanon. “The rest of the world understands that Norway is an important player in all things battery.

Why is energy storage so important?

The important factor is as much capacity as possible," Bakken told Titan.uio.no. This is closely related to the focus on renewable energy from the sun, from the wind and other sources. "Sun and wind give intermittent energy production depending on time, season and the weather. This leads to an increasing need for energy storage," Bakken says.

Could a battery be possible without dedicated materials?

"Batteries wouldn't be possible without dedicated materials, but adopting those is about much more than just chemistry. The battery is a system that uses materials and is based on chemical principles, but it is also great engineering work to put them together and make them safe.